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Traynor Exercise Equipment, Inc. reported the following financial statements for 2024: (Click the icon to view the income statement.) : (Click the icon to view the comparative balance sheet.) Read the requirements Requirement 1. Compute the amount of Traynor Exercise's acquisition of plant assets. Traynor Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $48, 100. No cash was received upon disposal. The acquisitions of plant assets amounts to - X Data table 2024 2023 Data table Assets Current Assets: Cash $ 21,000 $ 17,000 Traynor Exercise Equipment, Inc. Income Statement Year Ended December 31, 2024 Accounts Receivable 53,000 48,000 87,000 95,000 Net Sales Revenue $ 712,000 Merchandise Inventory Long-term Assets Plant Assets Cost of Goods Sold 343,000 262,500 221,600 369,000 Accumulated DepreciationPlant Assets (38,500) 94.000 (33,600) 71,000 Investments Gross Profit Operating Expenses Depreciation Expense Other Operating Expenses Total Operating Expenses $ $ 479,000 $ 419,000 53,000 200,000 Total Assets Liabilities 253,000 $ 116,000 Net Income $ 76,000 $ 73,000 3,500 7,500 Current Liabilities: Accounts Payable Salaries Payable Long-term Liabilities: Notes Payable Total Liabilities 62,000 71,000 Print Done 141,500 151,500 Stockholders' Equity Common Stock, no par 47.000 290,500 33,000 234,500 Retained Earnings Total Stockholders' Equity 337,500 267,500 Help me solve this Demodocs example Get more help S 479,000 $ 419,000 Clear all Check answer Total Liabilities and Stockholders' Equity